RWA Wealth Partners LLC Sells 88,040 Shares of Oracle Co. (NYSE:ORCL)

RWA Wealth Partners LLC lowered its position in Oracle Co. (NYSE:ORCL) by 53.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,239 shares of the enterprise software provider’s stock after selling 88,040 shares during the quarter. RWA Wealth Partners LLC’s holdings in Oracle were worth $12,704,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ORCL. Principal Financial Group Inc. raised its stake in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. raised its position in shares of Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after acquiring an additional 1,069 shares in the last quarter. RMR Wealth Builders lifted its stake in shares of Oracle by 383.4% during the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares in the last quarter. Finally, Crews Bank & Trust purchased a new position in Oracle in the fourth quarter valued at about $1,800,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup lowered their price target on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. DA Davidson reiterated a “neutral” rating and set a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. KeyCorp reaffirmed an “overweight” rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Finally, Barclays dropped their price target on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $179.20.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Shares of Oracle stock opened at $140.75 on Friday. The firm has a market cap of $393.67 billion, a PE ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a 50-day moving average price of $163.94 and a 200 day moving average price of $170.22.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the company earned $1.41 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.